Parkia timoriana is a traditional medicinal plant. The aim of this study was to estimate the antioxidant potential of P.timoriana and also to analyse its phytochemical composition by qualitative and quantitative methods. The results of FT-IR and GCMS analysis showed that the phytochemicals present in the extract are rich in carboxyl (C=O) and alcohol (O-H) functional groups. Qualitative phytochemical screening showed that the plant is rich in tannin and phenol content with minor portion of flavonoid content. Phenol, tannin and flavonoid content in the extract were quantified by comparison with known standards. The antioxidant potential analysis was studied using DPPH and FRAP method indicating that methanol extract of P.timoriana contains highest antioxidant potential. In this study we conclude that P.timoriana contains significant antioxidant activity and contains valuable phytochemicals with anticipated bioactivity.